Could someone please help?
a) Watch the video available at the following link to write brief description of the event described in the video.
Assume that prior to the event, New Zealand's macroeconomic equilibrium was equal to potential GDP. Using the AD-AS model, explain carefully the immediate and long term effects of the event for New Zealand's economy. Draw by hand the appropriate AD-AS diagram to support your explanation.
The kiwifruit exports is growing considering increased demand by China which has overtaken Japan... View the full answer